The Latest Breaking News from LOW

Lowe's has underperformed the Consumer Discretionary industry over the past year, but analysts are moderately optimistic about the stock’s prospects.

As the home improvement sector navigates a challenging market environment, major players like Lowe’s Companies Inc. (NYSE:LOW) are finding ways to thrive through strategic moves and solid financial performances. This landscape has seen companies adapting to shifting consumer demands and weather-related disruptions while seeking growth through acquisitions.

Despite Lowe's underperformance relative to the S&P 500 over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

It’s another reasonably quiet week for earnings with some key retailers taking centre stage. This week, we have Home Depot, Walmart, Target, Lowe’s, Palo Alto Networks and Alibaba reporting.

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story

With inflation still biting and the housing market stretched, next week’s earnings from retail heavyweights like Home Depot, Lowe’s, Target, BJ’s, and Walmart will spotlight how well America’s biggest stores are adapting to cost pressures and shifting consumer habits.

Lowe's is expected to release its fiscal second-quarter earnings later next month, and analysts project a single-digit profit growth.

Lowe's has significantly underperformed other consumer discretionary stocks over the past year, yet analysts remain bullish on the stock’s prospects.

Lowe's struggled in Q1 but managed to sustain a substantial margin and guidance, reaffirming an outlook in alignment with analysts' forecasts.